Port of Oakland gets new service to Asia, includes Saudi Arabia
A sprawling vessel service begins this week with 18 megaships linking the Port of Oakland to Asia, including Saudi Arabia. A highlight of the new…
Behind the numbers, supply-chain chaos masks extent of Gulf pain
Supply disruptions that came with the global coronavirus pandemic are obscuring the distress among businesses in the two biggest Gulf Arab economies.
Branson’s Virgin Atlantic to cut 3,150 jobs, shutter Gatwick
Virgin Atlantic Airways Ltd. will eliminate 3,150 jobs, or a third of the workforce, and shutter its London Gatwick hub to ride out the coronavirus…
Nigeria cocoa exports stalled over Covid-19 safety protocols
Health protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa exports, leaving at least 30,000 tons stranded at…
US trade plummeted in March with record drop in exports
U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic…
Canadian trade gap widens in March on falling oil, auto exports
Canadian exports plunged 4.7% in March to a more than two-year low as oil prices collapsed and the coronavirus pandemic shut down economies across the…
FTR Reports North American Class 8 Orders Plunge to the Lowest Level in Modern Era at 4,000 Units
FTR reports preliminary North American Class 8 orders plunged for the second month in a row to an unprecedented level of 4,000 units. April order…
United Air to slash management, office staff after aid runs out
United Airlines Holdings Inc. will cut at least 30% of its managerial and administrative jobs when government restrictions lift in October, bracing for a prolonged…
Lufthansa in talks with Airbus and Boeing on order deferrals
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said the airline is in talks with Airbus SE and Boeing Co. about postponing plane deliveries as…
Ryanair sues EU to topple Sweden’s $494 million airline rescue
Ryanair Holdings Plc asked European Union judges to cancel EU approval of Sweden’s 455 million-euro ($494 million) loan guarantees for airlines, the first of several…
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